15 September 21 - Market Nervousness | Pushpay Investor Day Global markets were weaker overnight, with the US market (S&P 500 index-0.6%) slipping after softer than expected inflation data.  The US consumer price index (inflation) was up by just +0.3% month on month and core inflation up by +0.1% in August - the year-on-year pace of core inflation moderated to 4%. The news causing the US 10-year rate to, and the market uncertainty around the Fed’s tapering decisions and potential rate hikes remains. Adding to investor concerns were the resurgence of covid-19 cases, both in the US and in China.  Closer to home, the RBA announcement yesterday stated they’ll hold interest rates at 0.1% (no surprise) but stated that rates won’t change until 2024 - arguing the faster wage growth needed to boost inflation would take time, with local wage and inflation operating differently to rest of the world. Also a cause of co...